Merger gets shareholder approval
Shareholders of Minorca Resources Ltd. (VSE), Orco Resources (ME) and Denyvan Resources (ME) have approved a reorganization plan enabling the companies to merge. The merger was effected Jan. 1 through…
News
Francisco plans drilling at Dura
Geophysical work at La Dura, a gold property in Mexico’s Sonora state, has set the stage for reverse-circulation drilling. Francisco Gold (VSE) says an induced-polarization survey identified an area t…
Gem River to mine Montana sapphires
Privately-owned Gem River will soon be mining sapphires commercially at its Dry Cottonwood Creek property in Montana. Last year, the company carried out a testing program and hired engineering consult…
NEWS ROUNDUP — Global Stone deals for Detroit Lime
Industrial minerals company Global Stone (TSE) acquired a 10-year lease on virtually all the assets of Detroit Lime Co. in Michigan. Global paid a US$5-million security deposit and acquired inventorie…
INSIDER TRADING — Manhattan directors buy and sell shares
Two directors of Manhattan Minerals (TSE) bought and sold shares in October and November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Peter Tegart sold 6…
PDAC convention set for March
International exploration, including the diamond play, will take centre stage at the 63rd annual convention and trade show of the Prospectors and Developers Association of Canada (PDAC), scheduled for…
Canalaska adds to land holdings
In a flurry of activity, International Canalaska Resources (VSE) has acquired new holdings in Arizona and Labrador, and launched an exploration program in Panama. Canalaska joined the staking rush on …
Newmont projects higher output
Gold producer Newmont Gold (NYSE) expects to produce 1.85 million oz. in 1995, compared with output in 1994 of about 1.65 million oz. Completion of a refractory ore roaster at the company’s Carlin min…
MK Gold plans Jerooy mine
Construction is expected to begin this year on MK Gold’s (NASDAQ) Jerooy gold project in the former Soviet republic of Kyrgyzstan. A feasibility study, approved by the company’s Kyrgyz partner, outlin…
Diamond Fields expands discovery
Excellent progress is reported by Diamond Fields Resources (TSE) at its Voisey Bay nickel-copper-cobalt project in Labrador. Stepout drilling and geophysical surveys east of the known area of minerali…
Red Badger returns gold values
Drilling on the TQY property north of Yellowknife, N.W.T., is returning gold values for Gitennes Explorations (ASE). The company, which is earning a half interest from Tanqueray Resources (ASE), repor…
Joutel intersects gold in Cuba
The first phase of drilling at Joutel Resources’ (TSE) La Zona Barita project in Cuba has encountered high-grade gold mineralization. Situated in the Sierra Maestra concession on the southwestern coas…